Marketplace Morning Report for Monday May 19, 2014
We take peek at the Chronicle of Education’s latest survey on executive compensation at public universities. Coaches clearly rule here. Plus, Monday marks the start of a robotics competition at NASA’s Kennedy Space Center. College students have to build and design a robot that could work on Mars (ALTERNATIVE dig lunar soil). Conrad Wilson reports on how competitions help foster innovation and can even bring ideas to market. Then, Marketplace goes to London! London’s wealth is more unevenly distributed than that of any other city in the developed world. That’s partly because of an influx of mega-rich Arabs, Chinese and Russians. Stephen visits the rich Russian owner of a wine store in the wealthy Mayfair district who sells single bottles of wine for $180,000. We explore how London’s rich perceive the wealth gap. We will also be talking to U.S. citizen and former board member of the American Chamber of Commerce in Russia, Jamison Firestone, about cooling business ties between London and Russia.